Featured Archives • Page 18 of 1308 • Financial News

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Goldman, BlackRock rush to fill wealth-advice void in Australia

As governments everywhere struggle with ageing populations and ballooning deficits, the country’s superannuation system stands out as a model – with a...

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Federal Reserve ends three-year loss streak from Covid-era monetary policy

The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury

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Global accounting body IASB consults on new model for assessing bank risks

The model will attempt to replace a transaction-driven view of how banks manage interest rate risks

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How banks handle interest rate swings may soon be clearer to investors

Newly proposed rules by International Accounting Standards Board centre on new Risk Mitigation Accounting model

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HSBC names Brendan Nelson chairman in surprise move

The bank says Nelson’s appointment follows a robust process assessing internal and external candidates

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Major Chinese banks cut high-yield deposit products to ease margin pressure

The shorter-term deposit products carry interest rates around 1.2% to 1.8%

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GXS cuts about 10% of workforce in rightsizing exercise

Digital bank GXS is cutting 82 jobs or about 10 per cent of its workforce across the group.

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Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early-stage operations

Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si

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Nomura CEO sees big growth phase in wealth and asset management

The company’s shares rise above the key metric for first time since 2016

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Saudi National Bank’s US$1 billion loan adds to Middle East spree

It’s part of a plan to finance a US$2 trillion economic overhaul

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